FTSE 250 movers: Kier slides on CEO departure; Bakkavor on the menu

(Sharecast News) - FTSE 250 (MCX) 21,961.65 -0.23%

Kier Group fell on the news that chief executive Andrew Davies is retiring at the end of October, with Stuart Togwell, the building firm's group managing director of construction, named as replacement.

In a separate statement, Kier said full-year revenue and profit would be in line with the board's expectations, with a year-end order book of around £11.0bn, with 88% of revenue for fiscal 2026 secured.

Kier reported a 22% rise in net cash to £204m at the end of June compared with a year ago.

"Growth opportunities in the group's core markets continue to be underpinned by the Government's renewed investment commitments, to improving UK infrastructure and regulated UK assets," the company said.

Bakkavor surged after its suitor Greencore boosted its full-year guidance on the back of a strong third quarter. The convenience food group, which in May agreed to buy fresh foods specialist Bakkavor in a £1.2bn deal, saw revenues jump 10% in the 13 weeks to 27 June, £511.1m.



FTSE 250 - Risers

Bakkavor Group (BAKK) 238.50p 7.43% Ocean Wilsons Holdings Ltd. (OCN) 1,475.00p 5.36% Oxford Nanopore Technologies (ONT) 181.50p 3.83% Ocado Group (OCDO) 325.40p 3.17% SDCL Efficiency Income Trust (SEIT) 55.80p 2.76% Mitie Group (MTO) 141.00p 2.62% Pennon Group (PNN) 539.50p 2.57% Indivior (INDV) 1,202.00p 2.47% Burberry Group (BRBY) 1,332.00p 1.99% HarbourVest Global Private Equity Limited A Shs (HVPE) 2,695.00p 1.70%

FTSE 250 - Fallers

Kier Group (KIE) 197.80p -5.81% Raspberry PI Holdings (RPI) 440.10p -5.07% Just Group (JUST) 129.00p -3.01% ITV (ITV) 77.70p -2.39% JTC (JTC) 834.00p -2.34% Baltic Classifieds Group (BCG) 365.00p -2.28% RS Group (RS1) 564.50p -2.25% IP Group (IPO) 57.30p -2.22% Discoverie Group (DSCV) 722.00p -2.17% Oxford Instruments (OXIG) 1,944.00p -2.11%